Crude Oil Rises As U.S. Rig Count Tumbles

Crude oil futures rose Friday after an industry report showed the U.S. rig count fell for a third consecutive week. Baker Hughes reported that the number of active U.S. rigs drilling for oil fell by 7 to 736 this week. The total active U.S. rig count, which includes oil and natural-gas rigs, also dropped by Read more about Crude Oil Rises As U.S. Rig Count Tumbles[…]






Gold Out Of Style As Stocks Rocket Higher

Gold futures dropped to their lowest in two weeks Friday, as surging stocks boosted appetite for riskier assets. Markets were in a chipper mood due to progress toward major tax cuts from the Trump Administration. The Dow Jones Industrial Average jumped 140 points to 23,303, a new record high. Conversely, Dec. gold slipped $9 to Read more about Gold Out Of Style As Stocks Rocket Higher[…]






Germany's Producer Price Inflation At 5-Month High

Germany’s producer prices increased at the fastest pace in five months in September, data from Destatis showed Friday. Producer price inflation rose more-than-expected to 3.1 percent in September from 2.6 percent in August. This was the fastest increase since April, when prices advanced 3.4 percent. Economists had forecast a 2.9 percent rise for September. Prices Read more about Germany's Producer Price Inflation At 5-Month High[…]






Dollar Mixed Despite Some Positive Economic News

The dollar is turning in a mixed performance Thursday afternoon. The buck is rising against the British pound after a drop in UK retail sales, but is losing ground against both the Euro and the Japanese Yen. U.S. economic data was largely positive this morning. Weekly jobless claims fell by more than expected and the Read more about Dollar Mixed Despite Some Positive Economic News[…]